Brown warned not to treat Saudis as ‘Milch Cow’
(Reuters) Timesonline
Sam Coates, Chief Political Correspondent, Riyadh
Gordon Brown has been warned not to treat Saudi Arabia like a cash cow as senior Saudi royals made clear that the kingdom already had plans for its windfall profits from the oil price surge.
On a visit to Riyadh, the Prime Minister claimed victory this morning in his bid to get the Saudi Government to pump more money into the International Monetary Fund contingency pot to help economies in trouble.
“The Saudis will, I think, contribute so we can have a bigger fund worldwide,” said Mr Brown.
But the Prime Minister did not reveal the scale of any Saudi contribution, which he said would not be announced until an international economic summit in Washington in mid-November. He has previously called for hundreds of billions of dollars to be made available from Gulf States. Read the rest of this entry »
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